- Goldman Sachs believes the 2,025-2,039 region will be critical in determining the trajectory of the S&P 500.
- The firm sees bearish technical setups in the Japan, China and gold markets.
- Goldman believes that WTI crude oil prices are technically positioned for a bounce as high as $62 in coming months.
In a new report, Goldman Sachs includes several charts that technical traders should be watching in coming weeks. Here’s a closer look at six charts from the report.
The first chart is a short-term look at the S&P 500. Goldman notes that the critical level to watch for the S&P is the 2,025-2,039 region. The report notes that the resistance will likely be difficult to break, but that a move above 2,040 would certainly make the index look “more constructive.”
The next chart is a longer-term chart of the S&P 500. Goldman draws comparisons ...
/www.benzinga.com/analyst-ratings/analyst-color/15/10/5928293/key-technical-levels-to-watch-in-stocks-gold-and-oil alt=Key Technical Levels To Watch In Stocks, Gold And Oil>Full story available on Benzinga.com
More...